Net income increased to 231.2 million riyals ($61.7
million) from 209.6 million riyals in the same period a year
earlier, the company said today in a statement, without giving
further details on which investments contributed to the gain.
Full-year profit rose five percent to 743.5 million riyals.

Kingdom holds stakes in companies such as Apple Inc. and
Citigroup Inc. Alwaleed and Kingdom’s investment in Twitter rose
in value from to $1.2 billion from $300 million after the micro-blogging site’s November IPO, Kingdom said in December.

Alwaleed has a fortune of $31.5 billion, according to the
Bloomberg Billionaires Index, and holds 95 percent of Kingdom
Holding.